The Meizu m3e sports a 5.5-inch IPS LCD capacitive touchscreen with 1,080x1,920 pixels and has a Mediatek Helio P10 processor.

It appears that the Meizu m3e will find buyers in emerging markets like China and India. The budget smartphone has reportedly received millions of registrations ahead of its release in the market.

The Meizu m3e was announced in China on Wednesday. It comes with a price tag of 1,299 Yuan (around $196 / â‚¬175 / Rs. 13,000), and is set to take on other devices like Xiaomi Redmi Note 3 (32 GB+3GB RAM variant), Lenovo K4 Note and other sub-Rs. 15,000 smartphones currently available in the market.

The new handset has received over 3 million registrations in China in less than 24 hours after its announcement, according to a report by PlayfulDroid. Registration for the device will be closed on Aug. 13, as it will be up for flash sale on Aug. 14.